Short Interest in VerifyMe, Inc. (NASDAQ:VRME) Decreases By 51.8%

VerifyMe, Inc. (NASDAQ:VRME) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 81,504 shares, a drop of 51.8% from the April 15th total of 169,131 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 51,950 shares, the days-to-cover ratio is currently 1.6 days.

VerifyMe Stock Up 3.6%

VerifyMe stock traded up $0.03 during midday trading on Friday, hitting $0.72. 72,289 shares of the stock were exchanged, compared to its average volume of 58,197. The company has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.89. VerifyMe has a 52 week low of $0.59 and a 52 week high of $1.51. The stock has a market capitalization of $9.45 million, a PE ratio of -1.90 and a beta of 0.40.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). VerifyMe had a negative return on equity of 11.72% and a negative net margin of 29.91%.The firm had revenue of $1.77 million for the quarter, compared to the consensus estimate of $2.23 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VRME. Two Sigma Investments LP boosted its stake in VerifyMe by 235.5% during the 3rd quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock worth $31,000 after acquiring an additional 24,793 shares during the last quarter. Quantum Financial Planning Services Inc. bought a new position in VerifyMe during the 4th quarter worth approximately $42,000. State Street Corp raised its holdings in VerifyMe by 51.8% during the 4th quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after buying an additional 26,400 shares during the period. Finally, LPL Financial LLC raised its holdings in VerifyMe by 71.4% during the 4th quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock worth $229,000 after buying an additional 158,697 shares during the period. Institutional investors own 8.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VRME shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VerifyMe in a research note on Monday, April 20th. Zacks Research lowered shares of VerifyMe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of VerifyMe from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.50.

VerifyMe Company Profile

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.